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Pi Coin has taken a bearish turn lately, and most of its indicators are pointing to weakness. It is currently trading at $0.5745, down 4.5% in the last 24 hours. The RSI is at 35, which shows Pi is nearing the overbought territory.
Pi Struggles Below Key Support Levels
Pi Coin has been trading sideways since May and is down 20% in the past month. It is sitting just above a key support zone at $0.56. This level has been tested multiple times and is now a crucial level to watch. If it breaks, the price could slide further toward $0.40, which was the recent major low. If Pi breaks above the key resistance levels, it could start a new uptrend.
Pi Network’s demand has also dropped in the past few months. It had a daily volume of over $3 billion during its peak, and the current volume is just above $100 million. The drop comes as millions of new tokens are being unlocked daily, which continues to add more selling pressure. According to Pi Scan, over 337 million tokens are set to be unlocked in the next 30 days.
Pi Network could take over 5 years to become a true global currency, according to Dr. Altcoin. He points out that Pi still lacks price stability, real-world utility, and mass adoption. It needs to hit at least $10 to be practical in its ecosystem.
Will Pi Hit $1000?
Some analysts remain extremely bullish on Pi Coin’s long-term potential. Dr. Altcoin predicts Pi could reach $314 in five years based on its strong community and fundamentals. Bitget predicts an even more bullish $500–$1,000+ by 2030, driven by DeFi and fintech integration.
According to CoinDCX, Pi Coin could reach $20–$50 by 2040 if it sees exponential adoption and becomes a mainstream crypto asset. While a $1,000 price in the future is possible, it remains highly speculative and would depend on Pi maintaining strong momentum and achieving widespread utility.